Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2025

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Components of Other Comprehensive Income

The following table presents the components of other comprehensive income for the three and six months ended June 30, 2025 and 2024:

(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended June 30, 2025
Net Unrealized Gains on Investment Securities:
Net Unrealized Gains Arising During the Period	$	19,927	$	5,281	$	14,646
Amounts Reclassified from Accumulated Other Comprehensive Income that Decrease Net Income:
Amortization of Unrealized Holding Losses on Held-to-Maturity Securities	5,884		1,560		4,324
Net Unrealized Gains on Investment Securities	25,811		6,841		18,970
Defined Benefit Plans:
Amortization of Net Actuarial Losses	378		100		278
Amortization of Prior Service Credit	(61)		(16)		(45)
Defined Benefit Plans, Net	317		84		233
Other Comprehensive Income	$	26,128	$	6,925	$	19,203
Three Months Ended June 30, 2024
Net Unrealized Gains on Investment Securities:
Net Unrealized Gains Arising During the Period	$	6,022	$	1,595	$	4,427
Amounts Reclassified from Accumulated Other Comprehensive Income that Decrease Net Income:
Amortization of Unrealized Holding Losses on Held-to-Maturity Securities	6,294		1,669		4,625
Net Unrealized Gains on Investment Securities	12,316		3,264		9,052
Defined Benefit Plans:
Amortization of Net Actuarial Losses	291		78		213
Amortization of Prior Service Credit	(61)		(16)		(45)
Defined Benefit Plans, Net	230		62		168
Other Comprehensive Income	$	12,546	$	3,326	$	9,220
Six Months Ended June 30, 2025
Net Unrealized Gains on Investment Securities:
Net Unrealized Gains Arising During the Period	$	47,920	$	12,699	$	35,221
Amounts Reclassified from Accumulated Other Comprehensive Income that Decrease Net Income:
Amortization of Unrealized Holding Losses on Held-to-Maturity Securities	11,578		3,069		8,509
Net Unrealized Gains on Investment Securities	59,498		15,768		43,730
Defined Benefit Plans:
Amortization of Net Actuarial Losses	755		200		555
Amortization of Prior Service Credit	(123)		(33)		(90)
Defined Benefit Plans, Net	632		167		465
Other Comprehensive Income	$	60,130	$	15,935	$	44,195
Six Months Ended June 30, 2024
Net Unrealized Gains on Investment Securities:
Net Unrealized Gains Arising During the Period	$	17,426	$	4,619	$	12,807
Amounts Reclassified from Accumulated Other Comprehensive Income that Decrease Net Income:
Amortization of Unrealized Holding Losses on Held-to-Maturity Securities	12,496		3,313		9,183
Net Unrealized Gains on Investment Securities	29,922		7,932		21,990
Defined Benefit Plans:
Amortization of Net Actuarial Losses	582		155		427
Amortization of Prior Service Credit	(122)		(32)		(90)
Defined Benefit Plans, Net	460		123		337
Other Comprehensive Income	$	30,382	$	8,055	$	22,327

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in each component of accumulated other comprehensive income, net of tax, for the three and six months ended June 30, 2025 and 2024:

(dollars in thousands)	Investment Securities-Available-for-Sale		Investment Securities-Held-to-Maturity		Defined Benefit Plans		Accumulated Other Comprehensive Income (Loss)
Three Months Ended June 30, 2025
Balance at Beginning of Period	$	(168,655)	$	(126,578)	$	(23,164)	$	(318,397)
Other Comprehensive Income Before Reclassifications	14,646		—		—		14,646
Amounts Reclassified from Accumulated Other Comprehensive Income	—		4,324		233		4,557
Total Other Comprehensive Income	14,646		4,324		233		19,203
Balance at End of Period	$	(154,009)	$	(122,254)	$	(22,931)	$	(299,194)
Three Months Ended June 30, 2024
Balance at Beginning of Period	$	(216,027)	$	(144,463)	$	(23,091)	$	(383,581)
Other Comprehensive Income Before Reclassifications	4,427		—		—		4,427
Amounts Reclassified from Accumulated Other Comprehensive Income	—		4,625		168		4,793
Total Other Comprehensive Income	4,427		4,625		168		9,220
Balance at End of Period	$	(211,600)	$	(139,838)	$	(22,923)	$	(374,361)
Six Months Ended June 30, 2025
Balance at Beginning of Period	$	(189,230)	$	(130,763)	$	(23,396)	$	(343,389)
Other Comprehensive Income Before Reclassifications	35,221		—		—		35,221
Amounts Reclassified from Accumulated Other Comprehensive Income	—		8,509		465		8,974
Total Other Comprehensive Income	35,221		8,509		465		44,195
Balance at End of Period	$	(154,009)	$	(122,254)	$	(22,931)	$	(299,194)
Six Months Ended June 30, 2024
Balance at Beginning of Period	$	(224,407)	$	(149,021)	$	(23,260)	$	(396,688)
Other Comprehensive Income Before Reclassifications	12,807		—		—		12,807
Amounts Reclassified from Accumulated Other Comprehensive Income	—		9,183		337		9,520
Total Other Comprehensive Income	12,807		9,183		337		22,327
Balance at End of Period	$	(211,600)	$	(139,838)	$	(22,923)	$	(374,361)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income for the three and six months ended June 30, 2025 and 2024:

Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income1				Affected Line Item in the Statement Where Net Income Is Presented
	Three Months Ended June 30,
(dollars in thousands)	2025		2024
Amortization of Unrealized Holding Losses on Investment Securities Held-to-Maturity	$	(5,884)	$	(6,294)	Interest Income
	1,560		1,669		Provision for Income Tax
	(4,324)		(4,625)		Net of Tax
Amortization of Defined Benefit Plan Items
Prior Service Credit 2	61		61
Net Actuarial Losses 2	(378)		(291)
	(317)		(230)		Total Before Tax
	84		62		Provision for Income Tax
	(233)		(168)		Net of Tax
Total Reclassifications for the Period	$	(4,557)	$	(4,793)	Net of Tax
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income1				Affected Line Item in the Statement Where Net Income Is Presented
	Six Months Ended June 30,
(dollars in thousands)	2025		2024
Amortization of Unrealized Holding Losses on Investment Securities Held-to-Maturity	$	(11,578)	$	(12,496)	Interest Income
	3,069		3,313		Provision for Income Tax
	(8,509)		(9,183)		Net of Tax
Amortization of Defined Benefit Plan Items
Prior Service Credit 2	123		122
Net Actuarial Losses 2	(755)		(582)
	(632)		(460)		Total Before Tax
	167		123		Provision for Income Tax
	(465)		(337)		Net of Tax
Total Reclassifications for the Period	$	(8,974)	$	(9,520)	Net of Tax

1Amounts in parentheses indicate reductions to net income.

2These accumulated other comprehensive income components are included in the computation of net periodic benefit cost and are included in other noninterest expense in the unaudited consolidated statements of income.